Page 51 - SALIK PR REPORT FEBRUARY 2024

2/9/24, 12:12 PM UAE: Salik Shareholders Reap Benefits, Share Concerns | MENAFN.COM

UAE: Salik Shareholders Reap Benefits,

Share Concerns

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2/8/2024 11:29:08 PM

(MENAFN- Khaleej Times) Published: Fri 9 Feb 2024, 6:00 AM

Dean Fernandes was one of the first people to sign up for the initial public offering (IPO) of

Dubai's road toll-operator Salik when it was announced in 2022. He invested a little over
Dh2,000 in the shares and now, they are valued at roughly Dh3,300.

A longtime resident of Dubai, he knew that the shares were going to be a winner.“As soon as I
heard that the IPO was going to be announced, I knew I wanted to buy it,” he said.“I am very

happy with my purchase. I can only see the share value rising steadily.”

Dean is one among thousands of UAE residents who subscribed to the IPO of Salik and are

now counting their gains. Upon debut, the shares climbed 20 per cent above its listing price.
Last month, when it was announced that two new toll gates would be established in Dubai,

the share prices climbed a further 35 per cent.

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